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Protecting Your Wealth and Profit During the 2008 Crash

The " learned " author recommended readers to long oil and short financials .

The author confirmed his spculations by quoting historical data .

By the same token , history also tells us that what goes up must come down while what goes down must rebound .

I read another article 10 minutes ago saying that USA government should " crack down on Wall Street traders who are driving up oil prices by buying huge quantities of oil just to resell at a higher price " ( the " " is a direct quotation from the article ) .

Further , many recent articles indicated that some traders drove down the financials by " naked " short selling ; that is , driving down the price of a stock by heavy selling on the same stock without the possibility of having the same stock ; thereafter , buys back the same stock at lower prices to make profits ; confusing but magical ! Making profits out of selling nothing .

The author suggested to readers that they should long oil and short financials .

Is the author asking readers to support the manipulative oil " traders " who are likely to be cracked down soon as well as to support the " naked " shorters where their activities are to be limited by Monday or tommorow ?

The author indicated that the oil stock (SOL) recently went up three times from his recommended entry point of $ 9 and thereafter gave back a good portion of those gains ; using up 300% to a now up 70% as told by the author , the updated lose back is 230% !!?

Should the government take action to crack down like what they are doing on the " naked " short sellers , the oil bubble is destined to burst .

The author pointed out that the shorting index (SKF) for financials went up 133% from May to July .

Oh yeah , the " naked " short sellers did a great job in depleting the stock prices of financials ; many traditional investors who stored their hard earned savings in the otherwise stable financials must have lost almost all .

However , the author then show readers that the updated data recorded only a 50% increase since May 1 .

Using 133% - 50% as told by the author , the shortings have decreased by 83% !!?

Are we looking at the rebounding of financials as shown by the data given by the author ?

The " naked " short sellers are supposed to be illiminated by Monday or tommorow ; are we going to have a continuous rebound or going back to the lower than lowest for financials ? One would know this answer by the end of this coming week .

The traditional investors would naturally hope for a continuous rebound .

They of course , would like to recover their hard earned savings so that they would be able to update their mortgage payments .

The coming back of the financials would certainly reduce foreclosures by giving back the savings to the general investors .

The spiral can go up when we manage to overcome the " destroyers " .